Well DH and I try to do our annual free credit reports yearly at the beginning of the year to check for errors, discrepencies etc. And I run our credit scores at that time. Well I forgot to do it in 2009. One of our goals has been to get our debt cleaned up before we go to buy a house in 2011 or 2012. By that we wanted to get rid of all of our consumer debt, and only have 1 car payment and our student loans at that point in time. Well we've paid down the majority of our consumer debt in the past 2 years, and that raised our score about 100 pts each. Very excited.
This will save us money on our interest rate when we go to get our mortgage. It can't hurt to improve our credit score. :)
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Congrats, Mrs. G! That is the best thing you could have done for yourselves!
ReplyDeleteI'm an information security officer for a bank and I always recommend to our folks that you check your credit reports every 4 months. Most people don't know that the "FREE report" you can get is per credit agency. Since there are 3 primary ones, you can get 3 FREE reports every year. Pick one now, then do a different one in 4 months. It will ensure that you catch discrepancies and\or fraud much earlier and you can save yourself some big headaches. And, of course, watch those credit card bills for fraudulent charges every month!
ReplyDeleteThanks Thrifty Puppy for the info! I actually went ahead and ran all 3 free ones after I found 1 minor discrepancy one 1 so I wanted to make sure to get it removed from all of them. So we could feel better. DH and I decided we'd want to pay for the reports once this year just to check it again. To us it's worth it to use all the free ones right now just to get things cleared up. We want to buy a house in 2 years. Next year we'll monitor and spread out the free reports through the whole year.
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